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>> hi, everyone. welcome to the "journal" coming to you live from dw in berlin. the u.s. president defies a fragile economy and high unemployment to win the election, telling the american people the best is yet to come. >> appeals from angela merkel to her european partners -- an end to the eurozone debt crisis will require more unity. >> and a parliamentary vote on another round of austerity cuts in greece. >> thanks for joining us. barack obama has won his second term in office as president of the united states, but his celebrations will be short-lived as the multitude of urgent issues on his desk draws him back to work without delay. >> the first order of business will be to negotiate a new budget deal in congress by the end of the year. otherwise, and harsh plan of spending cuts and tax increases are due to go into effect. we will hear more about that later on in the show, but first, a look back at how things play out on election night in the u.s. >> his face said it all -- president barack obama had to fight hard to keep his job in a tough race against his republican challenge
correspondent has been following this from brussels, and he joins us now. is it clear yet if an increase will get this next tranche of bailout funds it is waiting for? >> it is not clear. after today's spat, greece is hoping that on the occasion of the next meeting, that could be cleared, but the problem is that some national governments -- sorry, some national parliaments, will have to approve this first. the timetable is tight. it is very difficult, and it was not at all clear from this meeting, which was dominated by the dispute between international monetary fund and the europe group ministers, just how quickly they could do that, but greece is saying it will be out of money, bankrupt, by friday november 16. they have got to raise money on international markets somehow, and they need the backing or at least the promise of that extra bailout to do that. it is a bit of a puzzle. >> how big is this difference of opinion we've been hearing about? >> big. what happened earlier today or late last night reflected the frustration in the international monetary fund at the constant pushing off
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